FAAC Disburses Record ₦3.007 Trillion to FG, States, LGs for July
The Federal Government, 36 state governments and 774 local government councils shared a record ₦3.007 trillion in Federation Account revenue ...
Tag: Tax Revenue
The Tax Powering Nigeria’s Economy
Value Added Tax, popularly known as VAT, is one of the major taxes used to generate revenue for the government. ...
Nigeria’s Tax Revenue Doubles as Reforms Boost Government Income
Nigeria’s tax revenue has more than doubled in less than three years, rising from N12.3 trillion in 2023 to N27.1 ...
AfDB Says West Africa Must Better Use Its Own Funds to Close $100 Billion Development Gap
West Africa requires between $90 billion and $100 billion every year to achieve its development goals, but the region’s biggest ...
Nigeria’s Tax Revenue Jumps to N21.6 Trillion as Economic Reforms Show Positive Results
Nigeria recorded a major increase in tax revenue during the first half of 2026, showing signs that recent economic reforms ...
Nigeria’s Company Income Tax Revenue Drops to N1.37 Trillion in First Quarter of 2026
Nigeria recorded a significant decline in Company Income Tax (CIT) revenue during the first quarter of 2026, according to new ...
Africa Can Generate $469 Billion More in Revenue Without Raising Taxes – AfDB
Africa has the potential to generate more than $469 billion in additional revenue every year without increasing tax rates, according to ...
Nigeria’s Biggest Firms Pay Record N2.32trn in Income Taxes
In 2025, Nigeria’s 30 biggest firms collectively paid N2.32 trillion in income taxes, reflecting an 86 percent increase from the ...
Côte d’Ivoire’s Tax Authority Hits 91% of Q1 Revenue Target
Côte d'Ivoire's tax authority, the Directorate General of Taxes, has reported strong revenue performance in the first quarter of 2026, ...
Ghana’s Mixed Consumption Data Reflects Complex Recovery
Consumer spending and industrial activity in Ghana displayed divergent trends in 2025, according to the Bank of Ghana's January 2026 ...
